Reddicliff Close, Plymouth, Devon

Information

Land for Sale. The seller has informed us of the below; The first pre-application was submitted and it didn’t get approved/not approved. The council asked for more information for the application to be reviewed. The the seller then prepared everything the council required i.e. design drawings, land survey and all the information needed to submit again. The seller then went to submit the pre-application again but the pre-application had been closed due to the time lapsed due to covid. No one could be contacted for two years, so a new application would need to be submitted by the new owner with all the information in the legal pack. Auction end date 2nd May 2024 at 2:30pm. Please call the office with any questions .

Agents Auction Notes

This property is being sold by conditional online auction and a non-refundable reservation fee of £5000 or 3.5% + VAT applies, whichever is the greater (in addition to the purchase price). If you are the successful bidder, you will be charged the amount of £5,000 + VAT (£6,000) or 3.5% +VAT, whichever is the greater, which will be processed online, immediately at the end of the auction, only if you are the successful bidder. You will then have 20 working days within which to exchange contracts, and a further 28 days to complete the purchase.

Definition Of A Guide Price And A Reserve Price

Guide Price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. Bids may be accepted by the system but the property will not sell if the bidding does not reach the reserve. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.